This document discusses principles and concepts of project risk management. It defines different types of risks that organizations face, including market risk, credit risk, operational risk, and business risk. It provides examples of how companies like Ericsson and Nokia responded differently to a supply chain disruption, with Nokia handling it effectively and gaining market share while Ericsson was unprepared and lost revenue. The document emphasizes the importance of enterprise risk management in improving financial and operational performance for companies.
This document provides a detailed checklist to review the health of a project. It contains over 100 questions across various categories including project planning, management, quality, resources, users, and development approach. The questions assess the relevance and strength of different project attributes such as having a formal project plan, adequate risk management, proper quality assurance processes, sufficient resourcing and user involvement, and use of a recognized development methodology. The checklist is intended to assist project managers in auditing and improving their project.
Risk Analysis and Management Process Flow ChartKathy Vinatieri
This document outlines a risk analysis process involving evaluating whether the benefits of an activity outweigh the risks, determining if risks can be reduced, and if overall risks and residual risks are acceptable. It involves identifying hazards, evaluating risks, implementing and documenting risk control measures, and continuing to gather information to re-evaluate risks.
Integrating Risk Appetite With Strategy Feb 14 2011Andrew Smart
The document provides an overview of integrating risk appetite with strategy. It discusses:
- The objectives of introducing a risk appetite framework and providing clarity on risk appetite's role in the overall strategy process.
- How risk-based performance management integrates traditional performance and risk management to enable sustainable strategy execution with risk appetite at the center.
- The process for setting risk appetite involves workshops with the board and executive team to define the risk dimensions, levels, and boundaries that shape the organization's risk taking.
- Risk appetite should influence strategic discussions around the business model and objectives to ensure the strategy can be executed within the defined risk tolerances.
IFAC Senior Technical Manager Vincent Tophoff presentation during the Institute of Chartered Accountants of Pakistan's CFO Conference 2013, CFO: Meeting Future Challenges! Mr. Tophoff discusses current trends and thinking in risk management and best practices.
The document discusses establishing key risk indicators (KRIs) for information technology (IT). It explains that KRIs differ from key performance indicators (KPIs) in that KRIs serve as early warning signs of increased risk exposure, while KPIs provide an overview of past performance. Selecting the right KRIs for an IT organization involves understanding organizational objectives and risks that could impact achieving those objectives. Linking objectives, strategies, and KRIs allows an organization to proactively manage strategic risks and help ensure objectives are met. IT risks in particular need to be monitored through KRIs due to IT's role in enabling business strategies and operations.
This document discusses project risk management and identifies risks. It outlines the process of identifying risks through team brainstorming and using the work breakdown structure. Key steps include describing specific risks and having the team come to a mutual understanding of potential risk events. The goals of risk management are to anticipate problems, minimize surprises, and increase the likelihood of project success.
1 of 2 templates from the Scope Management presentation available on SlideShare at: http://j.mp/SShareScope and Impact Analysis blog at: http://j.mp/ElwinImpact
This document provides a detailed checklist to review the health of a project. It contains over 100 questions across various categories including project planning, management, quality, resources, users, and development approach. The questions assess the relevance and strength of different project attributes such as having a formal project plan, adequate risk management, proper quality assurance processes, sufficient resourcing and user involvement, and use of a recognized development methodology. The checklist is intended to assist project managers in auditing and improving their project.
Risk Analysis and Management Process Flow ChartKathy Vinatieri
This document outlines a risk analysis process involving evaluating whether the benefits of an activity outweigh the risks, determining if risks can be reduced, and if overall risks and residual risks are acceptable. It involves identifying hazards, evaluating risks, implementing and documenting risk control measures, and continuing to gather information to re-evaluate risks.
Integrating Risk Appetite With Strategy Feb 14 2011Andrew Smart
The document provides an overview of integrating risk appetite with strategy. It discusses:
- The objectives of introducing a risk appetite framework and providing clarity on risk appetite's role in the overall strategy process.
- How risk-based performance management integrates traditional performance and risk management to enable sustainable strategy execution with risk appetite at the center.
- The process for setting risk appetite involves workshops with the board and executive team to define the risk dimensions, levels, and boundaries that shape the organization's risk taking.
- Risk appetite should influence strategic discussions around the business model and objectives to ensure the strategy can be executed within the defined risk tolerances.
IFAC Senior Technical Manager Vincent Tophoff presentation during the Institute of Chartered Accountants of Pakistan's CFO Conference 2013, CFO: Meeting Future Challenges! Mr. Tophoff discusses current trends and thinking in risk management and best practices.
The document discusses establishing key risk indicators (KRIs) for information technology (IT). It explains that KRIs differ from key performance indicators (KPIs) in that KRIs serve as early warning signs of increased risk exposure, while KPIs provide an overview of past performance. Selecting the right KRIs for an IT organization involves understanding organizational objectives and risks that could impact achieving those objectives. Linking objectives, strategies, and KRIs allows an organization to proactively manage strategic risks and help ensure objectives are met. IT risks in particular need to be monitored through KRIs due to IT's role in enabling business strategies and operations.
This document discusses project risk management and identifies risks. It outlines the process of identifying risks through team brainstorming and using the work breakdown structure. Key steps include describing specific risks and having the team come to a mutual understanding of potential risk events. The goals of risk management are to anticipate problems, minimize surprises, and increase the likelihood of project success.
1 of 2 templates from the Scope Management presentation available on SlideShare at: http://j.mp/SShareScope and Impact Analysis blog at: http://j.mp/ElwinImpact
The document discusses developing a business continuity plan that goes beyond just disaster recovery. It covers understanding the components of a business continuity plan including conducting risk assessments and gap analyses, developing and implementing continuity plans, establishing disaster recovery plans, and testing plans. It emphasizes that having a business continuity plan can help ensure survival during disasters and support stability, reduce financial losses, and make good business sense. The document outlines critical steps in business continuity planning including assessments, risk and impact analyses, and developing recovery strategies and actions.
Advanced Work Packaging (AWP) PresentationDevice Media
Geoff Ryan from Insight- AWP and Author of "Schedule for Sale" and "Even More Schedule for Sale" explains the concepts and processes involved with AWP with this in-depth look at Advanced Work Packaging.
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
The document outlines the risk management process and procedures for a company. It introduces risk management and identifies types of risk categories. It then describes the procedure for managing risks, which includes risk planning, identification, assessment, monitoring and tracking. Tools and practices for risk analysis are also covered, along with engaging stakeholders. The document closes with an overview of the risk management lifecycle.
Governance Culture & Incentives- Fundamentals of Operational RiskAndrew Smart
Governance, Culture & Incentives. -Fundamentals of Operational Risk. This presentation provides some practical tools to answer three key questions and create alignment.
The document discusses risk management frameworks and processes. It provides:
1) An overview of risk management, including highlighting risks at the project, program, and portfolio levels.
2) A risk management framework involving establishing context, risk identification, analysis, evaluation, and treatment.
3) Details of risk governance, including risk management plans, risk registers, governance documents, and ongoing and discrete risk activities.
Nigel Bell gave an overview of portfolio management and the work of the APM Portfolio Management SIG at a recent APM East of England branch event. You will learn,
Some portfolio management definitions
Portfolio management principles
Seven simple steps which guarantee portfolio management success in three weeks
portfolio management challenges
Let’s connect:
APM - https://www.apm.org.uk
Google+ - https://plus.google.com/114687352375530136328
Facebook - https://www.facebook.com/AssociationForProjectManagement
Twitter - https://twitter.com/apmprojectmgmt
Linkedin company page - https://www.linkedin.com/company/association-for-project-management
4 Project Management Challenges and SolutionsProjector PSA
Project managers are focused on delivering on time, on budget, at high quality. Here are four common project management challenges you might face during a professional services automation project and solutions to help overcome them.
View the full article at https://www.projectorpsa.com/blog/project-management-challenges.
Managing and Implementing a National BCM Programme: A World's FirstBCM Institute
The document discusses Business Continuity Management (BCM), including what BCM is, how it applies to organizations, its benefits, and information about the National BCM Programme which provides funding support of up to 70% for organizations to obtain BCM certification. The funding support covers costs associated with BCM certification like staff salaries, third party consultancy fees, and IT hardware/software needed for implementation. Eligible organizations include SMEs and larger companies forming consortiums with at least 50% SME participation.
Project Governance Model PowerPoint Presentation Slides SlideTeam
Explore our Project Governance Model PowerPoint Presentation Slides for project planning and management. The governance structure PowerPoint complete deck contains set of ready to use slides such as project brief and description, project management lifecycle, project process, risk identification, risk management report, project team, budgeting and time management, timeline, work breakdown structure, activities sequence, project risk and communication plan cost and human resource management, quality management and progress summary etc. Outline all the important aspects without any hassle. It has templates with professional background images and relevant content. Demonstrate project status report planned and actual performance comparison, project health card with project structure and governance framework PowerPoint templates. Showcase project risk and communication plan using project management framework PPT visuals. The presentation will provide guidelines, how to manage a project from start to finish. Download project management structure Presentation design to showcase the purpose of project management
This document contains information about a presentation on key risk indicators (KRIs). It discusses how KRIs can help companies anticipate strategic risks from disruptors and better achieve their goals. Examples of KRIs are provided from the energy industry, including indicators for issues like plant maintenance, customer complaints, and wholesale gross margins. The document emphasizes that KRIs should be used to support decision making and drive actions to manage risks.
This complete deck can be used to present to your team. It has PPT slides on various topics highlighting all the core areas of your business needs. This complete deck focuses on Operational Risk Assessment Powerpoint Presentation Slides and has professionally designed templates with suitable visuals and appropriate content. This deck consists of total of twenty four slides. All the slides are completely customizable for your convenience. You can change the colour, text and font size of these templates. You can add or delete the content if needed. Get access to this professionally designed complete presentation by clicking the download button below.
This document discusses different types of risk indicators. Operational risk indicators provide information on an organization's exposure to operational risks. Environmental risk indicators include trading volume, volatility in foreign exchange markets, exchange rate volatility, and interest rate volatility. Financial risk indicators measure deal volatility, dealing profit, and activity-based costing variances. Industrial risk indicators track metrics like the number of defective items produced and maintenance issues for production lines.
Business Continuity - Business Risk & ManagementAndrew Styles
This document discusses business continuity, crisis management, and disaster recovery services provided by Business Risk & Management Pte Ltd (BRM). BRM offers services such as developing business continuity and crisis management plans, reviewing existing plans, providing crisis management team and staff training, conducting business continuity testing, and creating IT disaster recovery plans. The document emphasizes that business continuity planning can help businesses reduce costs from a crisis, make organizations more robust, protect reputation, and increase management understanding to strengthen operations.
This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here:
http://flevy.com/browse/business-document/overview-of-program-management-1537
DOCUMENT DESCRIPTION
This presentation provides an overview to Program Management. It broadly follows the PMI's standard for Program Management. This document describes the context of the program, how to initiate and control projects as a part of program lifecycle, how to manage transitions, and how to obtain outcomes towards benefits realization. It also describes the key roles involved in program management and how Program Governance Board can facilitate program success.
Programs are taken up to realize benefits towards achieving organizational strategic objectives. Whereas projects produce discrete outputs, program management focuses on their synergization towards obtaining of outcomes and benefits.
Portfolio management is a key linking factor between program management and the organizational strategy. Programs, in turn consist of multiple inter-related projects collectively creating a coherent capability, which are then transitioned to the concerned functional departments to obtain desired outcomes.
“You can download this product from SlideTeam.net”
Here is our professional-looking Risk Assessment Step Powerpoint Presentation Slides for risk identification and prioritization. Evaluate the risk and decide on precaution with this easy to understand risk management process steps presentation deck. The risk process steps PowerPoint complete deck has forty five content ready slides like risk management introduction, types of risks, risk categories, stakeholder’s management and engagement, risk appetite and tolerance, procedure, risk management plan, risk identification, risk register, risk assessment, risk analysis, risk response plan, risk response matrix, risk control matrix, risk items tracking, tools and practices, risk impact & profitability analysis, risk mitigations strategies, plans, qualitative and quantitative risk analysis, etc. All PowerPoint templates of risk identification process presentation are easy to customize, edit them as per your specific project needs. Download easy to use risk mitigation plan PPT slides to make your business presentation more effective. Get to grapple with the actual facts due to our Risk Assessment Step Powerpoint Presentation Slides. Be able to figure out the ballgame. https://bit.ly/3EdeeEU
Risk management involves identifying risks, assessing their potential impact and probability of occurring, and developing strategies to mitigate negative impacts. Key aspects of risk management include identifying risks through techniques like brainstorming and documentation reviews, quantifying risks based on their probability and impact level, developing responses to reduce, transfer or avoid risks, and ongoing monitoring and control through audits, reviews and status reports. The overall goal is to minimize threats to a project's objectives of staying on schedule, within budget and meeting quality and performance goals.
The document provides an overview of project risk management processes and techniques. It discusses qualitative and quantitative risk analysis methods, such as probability/impact matrices and decision trees. Response strategies like risk avoidance, mitigation, and acceptance are also covered. The document aims to equip project managers with tools and best practices for identifying, assessing, and responding to risks throughout the project life cycle.
The document discusses challenges with risk management in IT projects and provides recommendations for improving risk management practices. Specifically, it notes that IT project managers often do not apply formal risk management processes and provides possible reasons for this. It then outlines expectations for improved risk management in the current business environment and provides techniques project managers can use to strengthen risk management, such as defining a risk management methodology, building a risk universe, and creating schedule-aligned risk profiles. The document emphasizes that risk management is critical for project and business success.
This document discusses project risk management. It defines risk as an uncertain event that can positively or negatively impact project objectives. Risk management is the systematic process of identifying, analyzing, and responding to project risks. The six processes of risk management are: 1) plan risk management, 2) identify risks, 3) perform qualitative risk analysis, 4) perform quantitative risk analysis, 5) plan risk responses, and 6) monitor and control risks. Tools used include risk breakdown structures, probability and impact matrices to assess risks, and decision trees to evaluate responses. The goal is to prioritize and respond to risks to help ensure project success.
The document discusses developing a business continuity plan that goes beyond just disaster recovery. It covers understanding the components of a business continuity plan including conducting risk assessments and gap analyses, developing and implementing continuity plans, establishing disaster recovery plans, and testing plans. It emphasizes that having a business continuity plan can help ensure survival during disasters and support stability, reduce financial losses, and make good business sense. The document outlines critical steps in business continuity planning including assessments, risk and impact analyses, and developing recovery strategies and actions.
Advanced Work Packaging (AWP) PresentationDevice Media
Geoff Ryan from Insight- AWP and Author of "Schedule for Sale" and "Even More Schedule for Sale" explains the concepts and processes involved with AWP with this in-depth look at Advanced Work Packaging.
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
The document outlines the risk management process and procedures for a company. It introduces risk management and identifies types of risk categories. It then describes the procedure for managing risks, which includes risk planning, identification, assessment, monitoring and tracking. Tools and practices for risk analysis are also covered, along with engaging stakeholders. The document closes with an overview of the risk management lifecycle.
Governance Culture & Incentives- Fundamentals of Operational RiskAndrew Smart
Governance, Culture & Incentives. -Fundamentals of Operational Risk. This presentation provides some practical tools to answer three key questions and create alignment.
The document discusses risk management frameworks and processes. It provides:
1) An overview of risk management, including highlighting risks at the project, program, and portfolio levels.
2) A risk management framework involving establishing context, risk identification, analysis, evaluation, and treatment.
3) Details of risk governance, including risk management plans, risk registers, governance documents, and ongoing and discrete risk activities.
Nigel Bell gave an overview of portfolio management and the work of the APM Portfolio Management SIG at a recent APM East of England branch event. You will learn,
Some portfolio management definitions
Portfolio management principles
Seven simple steps which guarantee portfolio management success in three weeks
portfolio management challenges
Let’s connect:
APM - https://www.apm.org.uk
Google+ - https://plus.google.com/114687352375530136328
Facebook - https://www.facebook.com/AssociationForProjectManagement
Twitter - https://twitter.com/apmprojectmgmt
Linkedin company page - https://www.linkedin.com/company/association-for-project-management
4 Project Management Challenges and SolutionsProjector PSA
Project managers are focused on delivering on time, on budget, at high quality. Here are four common project management challenges you might face during a professional services automation project and solutions to help overcome them.
View the full article at https://www.projectorpsa.com/blog/project-management-challenges.
Managing and Implementing a National BCM Programme: A World's FirstBCM Institute
The document discusses Business Continuity Management (BCM), including what BCM is, how it applies to organizations, its benefits, and information about the National BCM Programme which provides funding support of up to 70% for organizations to obtain BCM certification. The funding support covers costs associated with BCM certification like staff salaries, third party consultancy fees, and IT hardware/software needed for implementation. Eligible organizations include SMEs and larger companies forming consortiums with at least 50% SME participation.
Project Governance Model PowerPoint Presentation Slides SlideTeam
Explore our Project Governance Model PowerPoint Presentation Slides for project planning and management. The governance structure PowerPoint complete deck contains set of ready to use slides such as project brief and description, project management lifecycle, project process, risk identification, risk management report, project team, budgeting and time management, timeline, work breakdown structure, activities sequence, project risk and communication plan cost and human resource management, quality management and progress summary etc. Outline all the important aspects without any hassle. It has templates with professional background images and relevant content. Demonstrate project status report planned and actual performance comparison, project health card with project structure and governance framework PowerPoint templates. Showcase project risk and communication plan using project management framework PPT visuals. The presentation will provide guidelines, how to manage a project from start to finish. Download project management structure Presentation design to showcase the purpose of project management
This document contains information about a presentation on key risk indicators (KRIs). It discusses how KRIs can help companies anticipate strategic risks from disruptors and better achieve their goals. Examples of KRIs are provided from the energy industry, including indicators for issues like plant maintenance, customer complaints, and wholesale gross margins. The document emphasizes that KRIs should be used to support decision making and drive actions to manage risks.
This complete deck can be used to present to your team. It has PPT slides on various topics highlighting all the core areas of your business needs. This complete deck focuses on Operational Risk Assessment Powerpoint Presentation Slides and has professionally designed templates with suitable visuals and appropriate content. This deck consists of total of twenty four slides. All the slides are completely customizable for your convenience. You can change the colour, text and font size of these templates. You can add or delete the content if needed. Get access to this professionally designed complete presentation by clicking the download button below.
This document discusses different types of risk indicators. Operational risk indicators provide information on an organization's exposure to operational risks. Environmental risk indicators include trading volume, volatility in foreign exchange markets, exchange rate volatility, and interest rate volatility. Financial risk indicators measure deal volatility, dealing profit, and activity-based costing variances. Industrial risk indicators track metrics like the number of defective items produced and maintenance issues for production lines.
Business Continuity - Business Risk & ManagementAndrew Styles
This document discusses business continuity, crisis management, and disaster recovery services provided by Business Risk & Management Pte Ltd (BRM). BRM offers services such as developing business continuity and crisis management plans, reviewing existing plans, providing crisis management team and staff training, conducting business continuity testing, and creating IT disaster recovery plans. The document emphasizes that business continuity planning can help businesses reduce costs from a crisis, make organizations more robust, protect reputation, and increase management understanding to strengthen operations.
This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here:
http://flevy.com/browse/business-document/overview-of-program-management-1537
DOCUMENT DESCRIPTION
This presentation provides an overview to Program Management. It broadly follows the PMI's standard for Program Management. This document describes the context of the program, how to initiate and control projects as a part of program lifecycle, how to manage transitions, and how to obtain outcomes towards benefits realization. It also describes the key roles involved in program management and how Program Governance Board can facilitate program success.
Programs are taken up to realize benefits towards achieving organizational strategic objectives. Whereas projects produce discrete outputs, program management focuses on their synergization towards obtaining of outcomes and benefits.
Portfolio management is a key linking factor between program management and the organizational strategy. Programs, in turn consist of multiple inter-related projects collectively creating a coherent capability, which are then transitioned to the concerned functional departments to obtain desired outcomes.
“You can download this product from SlideTeam.net”
Here is our professional-looking Risk Assessment Step Powerpoint Presentation Slides for risk identification and prioritization. Evaluate the risk and decide on precaution with this easy to understand risk management process steps presentation deck. The risk process steps PowerPoint complete deck has forty five content ready slides like risk management introduction, types of risks, risk categories, stakeholder’s management and engagement, risk appetite and tolerance, procedure, risk management plan, risk identification, risk register, risk assessment, risk analysis, risk response plan, risk response matrix, risk control matrix, risk items tracking, tools and practices, risk impact & profitability analysis, risk mitigations strategies, plans, qualitative and quantitative risk analysis, etc. All PowerPoint templates of risk identification process presentation are easy to customize, edit them as per your specific project needs. Download easy to use risk mitigation plan PPT slides to make your business presentation more effective. Get to grapple with the actual facts due to our Risk Assessment Step Powerpoint Presentation Slides. Be able to figure out the ballgame. https://bit.ly/3EdeeEU
Risk management involves identifying risks, assessing their potential impact and probability of occurring, and developing strategies to mitigate negative impacts. Key aspects of risk management include identifying risks through techniques like brainstorming and documentation reviews, quantifying risks based on their probability and impact level, developing responses to reduce, transfer or avoid risks, and ongoing monitoring and control through audits, reviews and status reports. The overall goal is to minimize threats to a project's objectives of staying on schedule, within budget and meeting quality and performance goals.
The document provides an overview of project risk management processes and techniques. It discusses qualitative and quantitative risk analysis methods, such as probability/impact matrices and decision trees. Response strategies like risk avoidance, mitigation, and acceptance are also covered. The document aims to equip project managers with tools and best practices for identifying, assessing, and responding to risks throughout the project life cycle.
The document discusses challenges with risk management in IT projects and provides recommendations for improving risk management practices. Specifically, it notes that IT project managers often do not apply formal risk management processes and provides possible reasons for this. It then outlines expectations for improved risk management in the current business environment and provides techniques project managers can use to strengthen risk management, such as defining a risk management methodology, building a risk universe, and creating schedule-aligned risk profiles. The document emphasizes that risk management is critical for project and business success.
This document discusses project risk management. It defines risk as an uncertain event that can positively or negatively impact project objectives. Risk management is the systematic process of identifying, analyzing, and responding to project risks. The six processes of risk management are: 1) plan risk management, 2) identify risks, 3) perform qualitative risk analysis, 4) perform quantitative risk analysis, 5) plan risk responses, and 6) monitor and control risks. Tools used include risk breakdown structures, probability and impact matrices to assess risks, and decision trees to evaluate responses. The goal is to prioritize and respond to risks to help ensure project success.
Risk management is the process of identifying and mitigating risks that may have a positive or negative impact on a project. It includes risk management planning, identification, analysis, response planning, and monitoring and control. Analyzing risks qualitatively and quantitatively helps prioritize them so appropriate responses can be developed, such as avoiding, transferring, mitigating, or accepting risks. Monitoring risks ensures new risks are identified and risk responses remain effective over the project lifecycle. The benefits of effective risk management include more efficient resource use, continuous improvement, fewer failures, and enhanced communication and accountability.
The document discusses project risk management and outlines six processes for managing risk: risk management planning, risk identification, qualitative risk analysis, quantitative risk analysis, risk response planning, and risk monitoring and control. It provides details on tools and techniques used in each process, such as documentation reviews, information gathering, probability and impact matrices, and quantitative risk analysis modeling. The overall goal of risk management is to increase the probability of positive events and decrease the probability of negative events on a project.
The document discusses risk management in organizations. It defines risk management as an organized process to identify, analyze, and control risks. It notes that success of businesses today depends on their ability to handle risks well. The paper will discuss the definition of risks and risk management, risks associated with businesses, and risks related to using information technology. It aims to explain why risk management is important for organizations.
This document provides context on the telecommunications sector. It notes that telecom operators have weathered economic uncertainty and volatility relatively well due to their defensive positioning. However, their future growth is uncertain as investors question the levels of capital expenditure needed to support growth and whether operators or over-the-top players will monetize new offerings. Some positive trends for operators include easing mobile termination rate regulations and a slowing pace of landline decline, but telecom revenues remain linked to employment rates which are trending downward. Overall, operators can benefit from improving performance supported by structural changes, strong cost control, and network sharing.
The webinar discusses cybersecurity trends for small and medium enterprises (SMEs) and professional accountants in light of the COVID-19 pandemic. It will provide an overview of pre-pandemic cybersecurity trends and risks, examine how the pandemic has influenced these trends and risks, and offer practical insights for SMEs to respond proactively. A panel of cybersecurity experts from Deloitte, KPMG and Cherry Bekaert will discuss topics like the global state of cybersecurity in SMEs before the pandemic, the impact of widespread remote working during the pandemic, and key considerations for cybersecurity in a post-pandemic environment.
In the fourth of a series of reports, commissioned by HSBC, we look at the challenge of harnessing risk management in the service of innovation. Good risk management can identify new business opportunities and be a powerful aid to innovation. However, when the risk function is reduced to a compliance-only role, its strategic benefits are lost.
Software projects’ past goes back to four or more decades. We encounter the first software project risk management paper in 1991[1] and the study [2] reports that in 1995 US spent $250 billion to software projects and these projects had estimated $59 billion in cost overruns and another $81 billion had spent on canceled software projects.Although failures are tremendous, we have observed the project risks and critical success factors are given like shopping lists and so the remedies of risk factors. Very few studies exist for searching the relationships of these risk factors and the relationship between remedies and risk factors. We are trying to construct a simple model of risks and remedies borrowing concepts from systems and control theory.
The role of risk management in corporate resilienceFERMA
The report presents the views of risk and insurance professionals and senior executives about a post-pandemic view of resilience management in their organisations across sectors globally in the summer of 2021.
Risk management is an important issue that every board should prioritize. Boards need to be aware of various risks companies face, including governance, critical enterprise, business expansion, business management, and emerging risks. It is important for boards to discuss risk management regularly to ensure risks are properly identified and managed. This includes evaluating risk appetite, how risks are incorporated into objectives and procedures, aggregating risk exposures, and assessing risk mitigation strategies. While audit committees often oversee risk management, other board committees should also consider risks in their areas and provide relevant information to help the board understand the full risk profile of the company.
Transforming Finance and Insurance: The Impact of Software and Mobile App Dev...IPH Technologies
Explore the dynamic landscape of finance and insurance as this article delves into the transformative power of software and mobile application development. From the historical evolution to key challenges faced by the industry, discover how technology is reshaping financial institutions and insurance companies. Uncover the role of mobile app development in San Antonio in enhancing customer experiences and streamlining operations. Gain insights into innovative solutions, future trends, and real-world case studies illustrating success stories in finance and insurance. Embrace the tech-driven future as we discuss the intersection of artificial intelligence, blockchain, and cybersecurity in these sectors. Join us on a journey through Fintech and Insurtech innovations, understanding how continuous research and collaboration with innovators pave the way for a competitive and tech-savvy future in finance and insurance. Stay ahead in this rapidly evolving landscape with strategies to mitigate data security risks and an emphasis on the limitless potential for improvement through software and mobile apps.
The document summarizes the key findings of a survey and research on emerging risks facing businesses. It identifies four top risks: 1) Infrastructure and supply chain risk was expected to have the largest negative financial impact due to lack of visibility into complex global supply chains. 2) Environmental risk was the second overall concern affecting all sectors. 3) Cyber risk and D&O risk tied for third as businesses realize internal errors are a large source of cyber risk and regulations are increasing liabilities for directors and officers. The research highlights the need for improved risk education, information sharing between companies and insurers, and a focus on internal security processes to help businesses address these emerging threats.
IDC Energy Insights - Enterprise Risk ManagementFindWhitePapers
Operational risk management is a rising priority for companies in asset-intensive industry segments. Disparate and disconnected efforts in safety, environmental compliance, and asset utilization at the individual facility are converging to provide better enterprise-wide control and management accountability. Companies that make substantial efforts today will not only improve risk mitigation but create an enduring competitive advantage.
This document summarizes the costs associated with ineffective business continuity programs. It finds that IT/telecommunications outages can cost organizations millions, with minor incidents costing on average $53,210 per minute of downtime. Data breaches and cyber attacks were found to cost on average $11.6 million annually according to one study. Adverse weather events in the US alone resulted in $12.8 billion in insurance payouts in 2013 according to one report. The document concludes by recommending that organizations strengthen their business continuity programs to reduce costs from disruptions.
Heading into 2020, The Risk Management Association is focusing on eight risks. Learn about the top risks the financial services industry faces and how you can address them.
ORX Analytics & Scenario Forum 2019 - summaryLuke Carrivick
Discover more about the ORX Analytics and Scenarios forum.
On 3-4 July, more than 50 operational risk and scenario experts from banking and insurance met in London for two days of discussion and networking. The ORX Analytics and Scenario Forum takes place each year, and gives participants the chance to talk about the biggest issues facing the industry today.
1) Over half of companies surveyed experienced at least one ICS security incident in the past 12 months, with the average annual financial loss being $347,603. Larger companies experienced higher losses of $497,097 on average.
2) While most companies feel prepared for an ICS attack, the current approaches are somewhat chaotic and specialized security solutions may not be effectively deployed across many businesses.
3) Common ICS security threats included conventional malware and viruses, as well as targeted attacks, while human error was also a significant cause of incidents. Ransomware attacks caused high losses.
Aon Retail & Wholesale Inperspective Nov 2016Graeme Cross
A rapidly shifting social, business, political and economic environment is placing UK retailers on continuous watch as they adapt and react to new threats and challenges.
Historic risk management norms like crime and security are giving way to external threats in the registers of modern companies; but many of these are intangible such as protecting brand equity and are often considered very hard to measure or mitigate.
Meanwhile the increasing influence of technology affects almost every corner of the industry from distribution and the way shoppers interact with a brand; to the supply chain and its continuing search for peak efficiency.
As a result, technology, rather than store networks or stock, is becoming one of the single greatest assets and vulnerabilities identified by the industry’s risk management community.
In January-February 2016, the EIU, surveyed 1,100 senior executives on data security practices within their firms. The survey’s primary objective was to analyse the differences, if any, between the C-suite and senior IT executives on data security.
The survey sample was recruited from companies with between $500 million and $10 billion in revenues, and is equally representative of the Americas, Asia-Pacific and European regions. The panel came from 20 industries, with no single industry accounting for more than 14% of the total.
This was a survey of senior executives. The C-suite segment, sometimes referred to herein as senior management or corporate leadership, consisted exclusively of C-suite executives (eg CEOs, CFO, COOs). The security segment, sometimes referred to herein as the security executives, consisted of the CIO and those who identified themselves as Chief Data Officers or Chief Information Security Officers (CISOs).
Each panel was asked an identical set of 20 questions, and the results have been reviewed for insight and commentary by a panel of independent experts.
“RISK MANAGEMENT IN CONSTRUCTION INDUSTRY”IRJET Journal
This document discusses risk management in the construction industry. It begins with an introduction to construction industry and defines risk management. It then discusses various contract types used in construction like design-bid-build and EPC contracts. The objectives and scope of studying risk management in construction projects is defined. It reviews literature around various risk factors in construction, risk assessment and management techniques. The problem statement highlights the challenges of meeting targets of EPC projects in India due to increasing complexity and risks. The document provides an abstract emphasizing the importance of risk management for construction project success.
When Digital Disruption Strikes: How Can Incumbents Respond?Capgemini
Digital innovation is shaking the core of every industry and incumbents are struggling to respond. The emergence of startups such as Uber – which disrupt entire sectors with their agile, innovative business models – is worrying traditional incumbents. Venture funding to startups is at historic highs. In just one startup hotspot, Silicon Valley, venture capital investment in the first three quarters of 2014 was around $17 billion, a figure that is only surpassed by the peak of the dotcom era in 2000. In recent research by GE, two-thirds of respondents agreed that businesses have to encourage creative behaviors and must disrupt their internal processes in order to do so. What does a successful strategy for responding to disruption look like? How fast have companies responded to digital disruptions? To understand more about how traditional incumbents respond to digital disruption, we conducted research spanning 100+ companies.
Risks have a significant impact on a construction
project’s performance in terms of cost, time and quality. As
the size and complexity of the projects have increased, an
ability to manage risks throughout the construction process
has become a central element preventing unwanted
consequences. How risks are shared between the project
actors is to a large extent governed by the procurement
option and the content of the related contract documents.
Therefore, selecting an appropriate project procurement
option is a key issue for project actors.
The overall aim of this research is to increase the
understanding of risk management in the different
procurement options: design-bid-build contracts, designbuild contracts and collaborative form of partnering. Deeper
understanding is expected to contribute to a more effective
risk management and, therefore, a better project output and
better value for both clients and contractors. The study
involves nine construction projects recently performed in
Sweden and comprises a questionnaire survey and a series of
interviews with clients, contractors and consultants involved
in these construction projects.
The findings of this work show a lack of an iterative
approach to risk management, which is a weakness in current
procurement practices. This aspect must be addressed if the
risk management process is to serve projects and, thus, their
clients. The absence of systematic risk management is
especially noted in the programme phase, where it arguably
has the greatest potential impact. The production phase is
where most interest and activity are to be found. As a matter
of practice, the communication of risks between the actors
simply does not work to the extent that it must if projects are
to be delivered with certainty, irrespective of the form of
procurement.
A clear connection between the procurement option
and risk management in construction projects has been
found. Traditional design-bid-build contracts do not create
opportunities for open discussion of project risks and joint
risk management. A number of drivers of and obstacles to
effective risk management have been explored in the study.
Every actor’s involvement in dialogue, effective
communication and information exchange, open attitudes
and trustful relationship are the factors that support open
discussion of project risks and, therefore, contribute to
successful risk management.
Based on the findings, a number of recommendations
facilitating more effective risk management have been
developed for the industry practitioners.
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Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
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5. Managing Change is Managing Projects
“Organizations are basically systems of people using
resources to accomplish enterprise mission. Changing how
an organization works is thus fundamentally about changing
how people work and relate to each other.
Organizational development projects are meant to be a
planned process of change for the people in an organization
culture, often using management principles and behavioral
processes.
A major reason why some of these changes fail is because
the action that is planned and undertaken is not treated as a
project and not managed as a project.”
David I. Cleland
5 Project Risk Management_박영민_2010
7. Enterprise Risk Management?
Integrated Risk Management?
Increased risk and reward due to new technologies & new
business methods resulting in
Uncertainty
Complexity
Rapid product obsolescence
Increased outsourcing
7 Project Risk Management_박영민_2010
8. Case Study: Ericsson vs. Nokia
In March of 2000, lightning struck a semiconductor
manufacturing facility owned by Philips Electronics
(see, e.g., Latour, 2001). It caused a fire that lasted about 10
minute and shut down the plant for only a few weeks. But the
plant was the sole source of critical semiconductor devices
used by Nokia and Ericsson to produce mobile phone
handsets. The resulting supply disruption threatened to halt
cell phone production for both firms.
Latour, A.(2001). A fire in Albuquerque sparks crisis for European cell-phone giants – Nokia
handles shock with aplomb as Ericsson of Sweden gets burned, The Wall Street
Journal, January 29.
8 Project Risk Management_박영민_2010
9. Case Study: Ericsson vs. Nokia
At Nokia, the event received immediate executive-level attention.
Nokia launched a textbook crisis management program. Within
two weeks, Nokia officials were in Asia, Europe, and the United
States securing alternative sources of supply. Despite the
fire, Nokia experienced only minimal production disruptions.
Ericsson was far slower to react. It had no contingency plans in
place to manage the disruption. Information about the event
percolated slowly up to executive management. By the time the
company began to mount a serious response, it was already
too late. Nokia had locked in all alternative source of supply.
9 Project Risk Management_박영민_2010
10. Case Study: Ericsson vs. Nokia
The business impact on Ericsson was devastating. The firm
reported over $400 million in lost revenue as a result of the
supply shortages, and its stock price declined by over 14%.
Nokia gained three points of market share, largely at
Ericsson’s expense. Some time later, Ericsson stopped
manufacturing cell phone handsets and outsourced
production to a contract manufacturer.
10 Project Risk Management_박영민_2010
11. Business Risk Examples
The Ericsson case is not an isolated incident. Firm face a wide variety of
business risks, many related to their extended value chains. Poor demand
planning and risky purchasing contracts at Cisco System recently
precipitated $2.5 billion in inventory write-offs and led to massive layoffs
(Berinato, S. (2001). What went wrong at Cisco, CIO Magazine, August 1 2001)
Difficulties implementing supply chain management software at Nike led to
severe inventory shortages, impacting third-quarter revenue by $100
million and shaving almost 20% off the firm’s market capitalization. (Los
Angeles Times, April 2. 2001).
In a case subject to widespread public scrutiny, quality problems with Ford
Explorers using Firestone tires resulted in more than 100 highway fatalities
and forced massive tire recalls (Aeppel et al., 2001; Bradsher, 2001;
Kashiwagi, 2001). This not only created a potential multibillion-dollar legal
exposure for the two firms, but also led to significant loss of brand
valuation.
11 Project Risk Management_박영민_2010
13. Market Risk
is uncertainty caused by fluctuations in the market prices of
financial or nonfinancial assets. For example, when a firm has
operations in multiple countries, changes in foreign exchange
rates can have a significant impact on both the income
statement and the balance sheet. Changes in interest rates
can affect a firm’s interest expense, the value of its loan
portfolio, and the market value of its debt. Price changes for
commodities such as heating oil and electricity can have an
impact on the cost of keeping factories and office buildings
running, and price changes for commodities like steel and
copper can affect the cost of goods sold.
13 Project Risk Management_박영민_2010
14. Credit Risk
is the risk that parties to which an enterprise has extended
credit will fail to fulfill their obligations. Customer defaults, or
delays in making anticipated payments, can have varying
impacts on an enterprise. These range from transient effects on
liquidity to ratings downgrades or even bankruptcy. It might
seem that credit risk should primarily be a concern for financial
services firms, but this is not the case. As recent experience in
the telecommunications and computer industries has shown, a
heavy credit concentration in a risky customer segment can
sometimes lead to severe financial repercussions even for
industrial firms.
14 Project Risk Management_박영민_2010
15. Operational Risk
refers to risks caused by the way a firm operates its business.
It includes risks associated with technical failures, losses
caused by processing errors, and quality and cost problems
caused by production errors. It also includes losses due to
human error, such as fraud, mismanagement, and failure to
control and monitor operations effectively.
15 Project Risk Management_박영민_2010
16. Business Risk
is caused by uncertainty associated with key business
drivers. Business risk tend to be more strategic than other
risks and can be the most difficult to manage. Business risk
factors include the overall state of the economy, fluctuations
in customer demand, supply disruptions, competitive actions
by rivals, technological change, legal liabilities, and
regulatory changes.
16 Project Risk Management_박영민_2010
17. Risk Characterization
Probability of
Occurrence Low Severity High Severity
High Likelihood High Likelihood
IV II
Low Severity High Severity
Low Likelihood Low Likelihood
III I
Severity of
Impact
17 Project Risk Management_박영민_2010
18. A survey says . . .
Executive interest in enterprise risk management programs is
growing. In a survey of more than 200 CEOs and senior
executives at firms from a diverse set of industries
(E.I.U., 2001), more than 40% of the respondents reported that
they were managing risk on a formal enterprise risk
management basis. Almost 20% more planned to do so within
a year, and more than 70% planned to do so within five years.
At present, only 15% of the firms managed risk on a corporate-
wide basis. However, more than 40% expected to do so within
three years.
E.I.U. (2001). Enterprise Risk Management : Implementing New Solutions, Technical
Paper, The Economist Intelligence Unit Limited, London and MMC Enterprise Risk, New
York.
18 Project Risk Management_박영민_2010
19. Enterprise Risk Management
Effective Risk Management
Add value during times of crisis
Improve financial performance
Increase customer satisfaction
Exploit new business opportunities
19 Project Risk Management_박영민_2010
20. Microsoft’s Risk Management
“Risks differ from problems or issues because a risk refers to the
future potential for adverse outcome or loss. Problems or
issues, however, are conditions or states of affairs that exist in
a project at the present time. Risk may, in turn, become
problems or issues if they are not addressed effectively.”
20 Project Risk Management_박영민_2010
21. Project Risk Management Definition
Project Risk is an uncertain event or condition that, if it
occurs, has a positive or negative effect on a project’s
objectives. Project objectives include
scope, schedule, cost, and quality.
프로젝트 리스크는 발생할 경우 긍정적 또는 부정적으로 프로
젝트 목표에 영향을 미치는 불확실한 사건 또는 상황이다. 프
로젝트 목표에는 범위, 일정, 원가 및 품질이 포함된다.
21 Project Risk Management_박영민_2010
22. Project Risk Management Definition
Project Risk Management includes the processes concerned
with conducting risk management
planning, identification, analysis, responses, and monitoring
and control on a project.
프로젝트 리스크관리: 프로젝트에 대한 리스크관리 기획, 리
스크식별, 분석, 대응 및 감시 통제의 수행과 관련된 프로세스
가 포함된다.
22 Project Risk Management_박영민_2010
23. Project Risk Management Definition
The objectives of Project Risk Management are to increase
the probability and impact of positive events, and decrease
the probability and impact of negative events in the Project.
프로젝트 리스크관리의 목표: 긍정적인 사건의 영향 및 가능
성을 증가시키고, 프로젝트에 대한 부정적인 사건의 영향 및
가능성을 감소시키는 것이다
23 Project Risk Management_박영민_2010
24. Project Risk Management Definition
Project Risk Management aims to identify and prioritize risks in
advance of their occurrence, and provide action-oriented
information to project managers. This orientation requires
consideration of events that may or may not occur and are
therefore described in terms of likelihood or probability of
occurrence in addition to other dimensions such as their impact
on objectives.
24 Project Risk Management_박영민_2010
25. 리스크관리는?
프로젝트 리스크는 모든 프로젝트에 존재하는 불확실성에서 비
롯된다. 알려진 리스크는 식별되어 분석된 리스크이다. 이러한
리스크에 대해서는 대응책을 계획할 수 있다. 알려지지 않은 특
정 리스크는 사전 대응적 방식으로 관리할 수 없으므로 프로젝
트 팀에서 우발사태 계획(Contigency plan)을 세워야 한다.
25 Project Risk Management_박영민_2010
26. 리스크관리는?
리스크는 프로젝트를 구상하는 순간부터 존재한다. 사전 대
응적인 방식의 리스크 관리 없이 프로젝트를 진행하면 발생
한 리스크가 프로젝트에 미치는 충격이 증가하며 프로젝트
를 실패로 이끌 가능성이 높아진다.
26 Project Risk Management_박영민_2010
27. Role of Project Risk Management in PM
There is a paradox about project risk that affects most projects.
In the early stages of a project, the level of risk exposure is at
its maximum but information on the project risks is at a
minimum. This situation does not mean that a project should
not go forward because little is known at that time.
Rather, there may be different ways of approaching the project
that have different risk implications. The more this situation is
recognized, the more realistic the project plans and
expectations of results will be.
A risk management approach is applicable throughout a
project’s life cycle.
27 Project Risk Management_박영민_2010
28. Role of Project Risk Management in PM
Project Risk Management is not an optional activity: it is
essential to successful project management.
It should be applied to all projects and hence be included in
project plans and operational documents. In this way, it
becomes an integral part of every aspect of managing the
project, in every phase and in every process group.
Project Risk Management is not a substitute for the other
project management processes
28 Project Risk Management_박영민_2010
29. Principles and Concepts
Project risk is an uncertain event or condition that, if it
occurs, has a positive or a negative effect on a project’s
objectives.
Overall project risk represents the effect of uncertainty on
the project as a whole. Overall project risk is more than the
sum of individual risks on a project, since it applies to the
whole project rather than to individual elements or tasks.
Project Risk Management processes should be repeated
and the corresponding plans progressively elaborated
throughout the lifetime of the project.
Project Risk Management cannot take place in isolation.
Success relies heavily on communication throughout the
process
29 Project Risk Management_박영민_2010
31. 프로젝트관리 프로세스 그룹 연관관계
기획 프로세스 그룹(20) (Planning Process group)
프로젝트관리 활동 순서
계획서 개발(4.2) 배열(6.2)
활동 정의 일정 개발
(6.1) (6.5)
요구사항 수집 활동 기간
(5.1) 산정(6.4)
활동 자원
산정(6.3)
범위 정의 원가 산정 예산 결정
(5.2) (7.1) (7.2)
WBS 작성 품질 계획
(5.3) (8.1)
인적자원 의사소통 계획 조달 계획
계획서 개발(9.1) 수립(10.2) 수립(12.1)
리스크 관리 리스크 식별 정성적 리스크 정량적 리스크 리스크 대응
계획 수립(11.1) (11.2) 분석 수행(11.3) 분석 수행(11.4) 계획 수립(11.5)
31 Project Risk Management_박영민_2010
32. 리스크관리 프로세스
리스크 관리 계획수립 프로젝트에 대한 리스크 관리 활동을 수행하는 방
법을 정의하는 프로세스
리스크 식별 - 프로젝트에 영향을 미칠 수 있는 리스크를 식별하고, 리스크
별 특성을 문서화하는 프로세스
정성적 리스크 분석 수행 - 리스크의 발생 확률과 영향을 평가하고 결합시
켜 추가적인 분석 또는 조치를 위하여 리스크의 우선순위를 지정하는 프로세
스
정량적 리스크 분석 수행 - 식별된 리스크가 전체 프로젝트 목표에 미치는
영향을 수치로 분석하는 프로세스
리스크 대응 계획수립 - 프로젝트 목표에 대한 기회는 증대시키고 위협은
줄일 수 있는 대안 및 조치를 개발하는 프로세스
리스크 감시 및 통제 - 프로젝트 전반에서 리스크 대응 계획을 구현하
고, 식별된 리스크를 추적하고, 잔존 리스크를 감시하고, 새로운 리스크를 식별
하고, 리스크 프로세스의 효과를 평가하는 프로세스
32 Project Risk Management_박영민_2010
33. 리스크 관리 개념 - PMBOK 리스크관리 프로세스
리스크 식별 및 평가
1 2
정성적/정량적 3
리스크 관리 기획
리스크 분석 리스크 순위
리스크 식별
리스크 계량화
새로운
리스크
7 6 5 4
결과문서화 결과 측정 리스크 감시 리스크
및 통제 대응 기획
전략 재 개발 리스크 통제 리스크 완화
33 Project Risk Management_박영민_2010
34. 리스크 관리 개념
Typical Life Cycle Profiles
높은 리스크 발생확률 높은 리스크 영향
프로젝트 생애주기
착수 및 기획단계 실행 및 종료단계
Concept Development Implementation Termination
Opportunity & Risk
Period when
Highest Risks
are Incurred Period of Highest
Risks Impact
Amount at Stake
Time
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35. 리스크 관리 개념 - Risk & PM Knowledge Area
프로젝트관리통합
범위 LIFE CYCLE과 의사소통
환경적 변수
기대 사항
및 타당성 IDEA / 자료
교환
요구사항 프로젝트 리스크 가용성
품질 인적자원
표 준 (PRM, ERM) 생산성
일정목표 서비스,
제약 공장, 자재
원가 목표
일정 제약 조달
원가
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36. 리스크 관리 개념 - Risk Breakdown Structure
36 Project Risk Management_박영민_2010
37. 리스크 관리 개념 - 계약 방식 및 리스크 관리
CPPC (Cost Plus Percentage of Costs)
Seller risk lowest (1)
Buyer (owner) risk highest (5)
CPFF (Cost Plus Fixed Fee)
Seller risk low (2)
Buyer risk high (4)
CPIF (Cost Plus Incentive Fee)
Seller risk medium (3)
Buyer risk medium (3)
FPI (Fixed Price with Incentive)
Seller risk high (4)
Buyer risk low (2)
FFP (Firm Fixed Price) (Turnkey, Lump sum)
Seller (contractor) risk highest (5)
Buyer risk lowest (1)
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38. 리스크관리 개념 - 계약의 리스크 관리
계약 형태와 Risk Allocation 관계도
Scope of work Very little Partial Complete
Uncertainty High Moderate Low
Degree of risk High Medium Low
100%
Suggested risk
allocation Owner(Buyer)
Seller(Contractor)
100%
Contract types CPPC CPFF CPIF FPI FFP
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39. 리스크 관리 개념 - Risk Responsibilities
프로젝트관리자
리스크 평가 완수와 지속적인 갱신 보장
프로젝트 팀
리스크 평가 보고서 개발
리스크 평가 보고를 기초로 한 리스크 관리 계획 개발
리스크 관리의 궁극적 책임
Project Sponsor
책임의 위임 (Delegation)
프로젝트 리스크 프로젝트관리자(PM)에게 위임
부서 리스크 기능 관리자(FM)
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40. PM’s Role for Project Risk Management(1)
• Encouraging senior management support for Project Risk
Management activities.
• Determining the acceptable levels of risk for the project in
consultation with stakeholders.
• Developing and approving the risk management plan.
• Promoting the Project Risk Management process for the project.
• Facilitating open and honest communication about risk within the
project team and with management and other stakeholders.
• Participating in all aspects of the Project Risk Management
process.
• Approving risk responses and associated actions prior to
implementation.
• Applying project contingency funds to deal with identified risks that
occur during the project.
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41. PM’s Role for Project Risk Management(2)
• Overseeing risk management by subcontractors and suppliers.
• Regularly reporting risk status to key stakeholders, with
recommendations for appropriate strategic decisions and actions
to maintain acceptable risk exposure.
• Escalating identifi ed risks to senior management where
appropriate: such risks include any which are outside the authority
or control of the project manager, any which require input or action
from outside the project, and any for which the release of
management reserve funds might be appropriate.
• Monitoring the effi ciency and effectiveness of the Project Risk
Management process.
• Auditing risk responses for their effectiveness and documenting
lessons learned.
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42. Good Risk Management Practice
Project Risk Management should recognize the business
challenges as well as the multi-cultural environment associated
with an increasingly global environment including many joint
venture projects and customers, suppliers, and workforces
spread around the globe.
Project Risk Management should be conducted on all projects.
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44. Critical Success Factor for Project Risk Management
Recognize the Value of Risk Management — Project Risk
Management should be recognized as a valuable discipline that provides
a positive potential return on investment for organizational
management, project stakeholders (both internal and external), project
management, and team members.
Individual Commitment/Responsibility — Project participants and
stakeholders should all accept responsibility for undertaking risk-related
activities as required. Risk management is everybody’s
responsibility.
Open and Honest Communication — Everyone should be involved in
the Project Risk Management process. Any actions or attitudes that
hinder communication about project risk reduce the effectiveness
of Project Risk Management in terms of proactive approaches and
effective decision-making.
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45. Critical Success Factor for Project Risk Management
Organizational Commitment — Organizational commitment can only be
established if risk management is aligned with the organization’s goals and
values. Project Risk Management may require a higher level of managerial
support than other project management disciplines because handling some
of the risks will require approval of or responses from others at levels
above the project manager.
Risk Effort Scaled to Project — Project Risk Management activities
should be consistent with the value of the project to the organization and
with its level of project risk, its scale, and other organizational
constraints. In particular, the cost of Project Risk Management should be
appropriate to its potential value to the project and the organization.
Integration with Project Management — Project Risk Management does
not exist in a vacuum, isolated from other project management processes.
Successful Project Risk Management requires the correct execution of the
other project management processes.
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46. 리스크 관리 개념 - 용어 (Terms) PMBOK Guide 4th 용어해설
리스크 / Risk. 발생할 경우에 프로젝트 목표에 긍정적 또는 부정적인 영향
을 미치는 불확실한 사건이나 조건.
리스크 수용 / Risk Acceptance [기법]. 프로젝트 팀에서 리스크 대응책으
로 프로젝트 관리 계획서를 변경하는 방법을 사용하지 않기로 결정한 상황
또는 다른 적절한 대응 전략을 강구할 수 없는 상황을 의미하는 리스크대
응기획 기법.
리스크 회피 / Risk Avoidance [기법]. 리스크를 제거하거나 리스크로 인한
영향에서 프로젝트 목표를 보호할 목적으로 프로젝트 관리 계획서를 변경
해야 하는 상황을 감수하는 방식의 리스크 대응기획 기법.
리스크분류체계 (RBS) / Risk Breakdown Structure [도구]. 잠재적 리스크
의 다양한 영역과 원인을 규명하여 리스크 범주 및 하부 범주별로 정리한
프로젝트 리스크 계통도. 리스크 분류체계는 대개 프로젝트 유형에 맞춰
조정된다.
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47. 리스크 관리 개념 - 용어 (Terms)
리스크 범주 / Risk Category. 리스크를 잠재적 원인 별로 분류한 그룹. 리
스크의 원인은 기술적 원인, 외부 원인, 조직 특성상 원인, 환경적 원인, 프
로젝트 관리상 원인 등의 범주로 분류할 수 있다. 한 범주 안에 기술력 수
준, 기후, 공격적 산정 등의 여러 하위 범주가 포함되기도 한다.
리스크 관리 계획서 / Risk Management Plan [산출물/투입물]. 프로젝트에
서 프로젝트 리스크관리를 체계적으로 구성하고 수행하는 방법을 설명하
는 문서. 프로젝트 관리 계획서에 포함되거나 별도의 보조 계획으로 존재
한다. 리스크 관리 계획서의 정보는 응용 분야와 프로젝트의 규모에 따라
달라진다. 프로젝트 리스크 목록, 리스크 분석 결과, 리스크 대응 자료가
수록된 리스크 등록부(Risk Register)와 리스크 관리 계획서는 다르다.
리스크 완화 / Risk Mitigation [기법]. 리스크 발생 확률과 리스크의 영향력
을 허용 한계선 이하로 낮추는 방법을 찾아야 하는 상황을 감수하는 리스
크대응기획 기법.
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48. 리스크 관리 개념 - 용어 (Terms)
리스크 등록부 / Risk Register [산출물/투입물]. 정성적 리스크 분석, 정량
적 리스크 분석 및 리스크 대응기획의 결과 자료가 수록된 문서. 확인된 모
든 리스크에 대한 설명, 범주, 원인, 발생 확률, 목표에 미치는 영향, 제안된
대응 방법, 소유자, 현재 상태 등을 포함한 상세한 정보가 리스크 등록부에
들어 있다.
리스크 허용한도 / Risk Tolerance. 조직이나 개인이 감당할 수 있는 리스
크의 크기, 양, 정도. 리스크 전가 / Risk Transference [기법]. 리스크로 인
한 영향을 리스크대응 권한과 함께 제3자에게 이전하는 방식의 리스크대
응기획 기법.
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